Whitney Drechsler, JD, LLM, CFP

Whitney Drechsler, JD, is an advanced planning consultant at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. With the firm since August 2015, she assists affiliated advisors with financial planning for their clients, including estate planning, high-net-worth strategies, and charitable planning. Whitney earned her BBA in legal studies, with a minor in art history, from the University of Miami. She also attended Thomas Jefferson School of Law, where she earned her JD and LLM in international tax and financial services with a certification in wealth management.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

Estate Planning with Intentionally Defective Grantor Trusts

Changes to Pass-Through Business Taxation Under the Tax Cuts and Jobs Act

Beyond the Basics: Strategies for Multigenerational Planning

Trust Planning and IRAs: Helping Your Clients Safeguard Their Assets

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Estate Planning with Intentionally Defective Grantor Trusts

Posted by Whitney Drechsler, JD, LLM, CFP

March 27, 2019 at 1:30 PM

Estate planning with intentionally defective grantor trusts (IDGTs)—despite the name—has many advantages. In fact, this well-established technique isn’t defective at all; the term “defective” describes the effect of income taxation rules on these instruments. Here, we’ll discuss the ins and outs of IDGTs, including how they can be very tax “effective” for estate tax purposes.

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Topics: Estate Planning

Changes to Pass-Through Business Taxation Under the Tax Cuts and Jobs Act

Posted by Whitney Drechsler, JD, LLM, CFP

June 26, 2018 at 10:00 AM

As a small business owner and/or a financial advisor to small business owners, it is imperative for you to be informed regarding changes to pass-through business taxation under the Tax Cuts and Jobs Act (TCJA). Some of the provisions are complex and will require you to use the appropriate calculators, as well as to seek advice from a tax counselor or tax preparer. So, to help you lay the groundwork for understanding these changes, let’s take a deeper dive into what’s new for pass-through business taxation under the TCJA, as well as some planning opportunities for you and your clients.

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Topics: Financial Planning

Beyond the Basics: Strategies for Multigenerational Planning

Posted by Whitney Drechsler, JD, LLM, CFP

April 24, 2018 at 10:00 AM

In the next 30 years, approximately $40 trillion will pass from the baby boomers to future generations. Given this sizable transfer of wealth, successful advisors must be equipped to counsel not only their existing clients, but also their clients’ children, grandchildren, and even parents. With this in mind, let’s take a closer look at strategies for multigenerational planning, plus how to go beyond the basics in meeting the financial goals of individuals across generations.

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Topics: Financial Planning

Trust Planning and IRAs: Helping Your Clients Safeguard Their Assets

Posted by Whitney Drechsler, JD, LLM, CFP

March 13, 2018 at 10:00 AM

The Supreme Court’s 2014 ruling in Clark v. Rameker (2014) had a rippling effect on the financial planning industry and the way advisors address IRA beneficiary designations. The ruling determined that inherited IRAs are not “retirement funds” under federal bankruptcy law, which means that, unlike with retirement accounts, these assets are accessible by potential creditors. This precedent-setting decision continues to have a meaningful effect on estate planning strategies for IRAs.

To guide you through this area of asset protection planning, I’ll discuss the impact this ruling has had on trust planning and IRAs, as well as how you can help your clients safeguard their assets and accomplish other estate planning objectives.

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Topics: Estate Planning

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Posted by Whitney Drechsler, JD, LLM, CFP

March 22, 2017 at 1:30 PM

At this time of the year, finding planning opportunities in clients' tax returns is a goal for many financial advisors. But it's also a chance to assess your clients' overall financial situation, plus add value to the client-advisor relationship.

This simple checklist below is designed to help you use the tax return as a road map for exploring future planning strategies. The goal? Learn about your clients' current situation—and how'd they'd like to see it evolve in the future.

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Topics: Financial Planning

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